SHIB Update
Updated
SHIB still looking pretty good here. Broke out of the upper trendline, retested, and now consolidating a bit around the 27-28 region. It has been obeying the fib levels quite well throughout this pennant pattern ever since its massive run.
We saw SHIB run while all altcoins were down, so it has the potential to do the same again. Altcoins are lagging a bit behind but that is expected with all the money pouring into BTC and ETH.
The breakouts of SHIB out of the trendline, and out of the most recent little flag breakout have had significant volume, so there is some signs of BULLISH activity going on. Now just a waiting game to see if it can break above the 786 fib, around .29, and then I think we hit our first target of 32, and then push for ATH's
GOOD LUCK
We saw SHIB run while all altcoins were down, so it has the potential to do the same again. Altcoins are lagging a bit behind but that is expected with all the money pouring into BTC and ETH.
The breakouts of SHIB out of the trendline, and out of the most recent little flag breakout have had significant volume, so there is some signs of BULLISH activity going on. Now just a waiting game to see if it can break above the 786 fib, around .29, and then I think we hit our first target of 32, and then push for ATH's
GOOD LUCK
Trade closed: target reached
Worked out perfectly everybody! Congrats if you took the trade with me.Walked out with about 60% profit
As said before, SHIB can run even if nothing else is running primarily due to the cheap price and the amount of "HYPE" behind it.
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